PAO GROUP INC COM USD0.001 (OTCMKTS:PAOG)
Shares of PAO GROUP INC COM USD0.001 (OTCMKTS:PAOG) were up by 3.64% in Monday’s trading session after the company reported positive cash flows for the second quarter. The stock also continues to ride high after the physician practice management company reported revenue growth.
Formerly known as New Wave Holdings, PAO GROUP INC COM USD0.001 (OTCMKTS:PAOG) is a management company focused on legal cannabis for chronic pain treatment. The company generated revenues of $165,633 for the three months ended June 30, 2017, compared to zero revenues for the corresponding period last year. Revenue for the six months ended June 30, 2017, totaled $171,260 representing 100% year over year growth.
Net loss for the six months dropped to (-$62,297) down from highs of $107, 741 posted last year. Pao Group’s cash and cash equivalent as of the end of June 30, 2017, stood at $174,434 compared to $7,103 as of June 30, 2016.
In a bid to build up on second quarter performance, PAO GROUP INC COM USD0.001 (OTCMKTS:PAOG) has opened a new Alternative Medicine Centers of America outlet in Parma/Cleveland for booking appointments. The company also plans to open additional locations in Columbus and AKRON-Canton Ohio.
The company’s directors are currently conducting due diligence on opportunities in other states, where the company plans to expand its footprint. Some of the markets that the company is closely eyeing include California, Los Angeles, and Michigan.
“We are well ahead of our timeline goals in Ohio which has allowed us to be equally assertive with efforts in Florida. [..] E are also looking at additional sites for locations in Central and South Florida,” said CEO Robert Weber
Dayton’s location will act as an in-house psychiatrist facility for offering proper diagnosis for PTSD in line with the company’s mission of treating with compassionate care. PAO GROUP INC COM USD0.001 (OTCMKTS:PAOG) plans to provide a comprehensive package of therapies, treatments and products as well as health education in the new facilities.
Clinic offering at the facilities will include proper use of marijuana to treat chronic pain as well as terminally ill patients. Massage therapy, as well as anti-ageing treatments and hormone replacement therapy, will also come in handy.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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About the author: Monica has an undergraduate degree in Accounting and an MBA she earned – with Honors. She has six years of experience in the financial markets and has been an analyst for the past two years.